Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6421 Ming Ave Bakersfield, CA 93309-6704
    Back to Search
    Property profile & analytics

    6421 Ming Ave, Bakersfield, CA 93309-6704

    View on Map
    • Grocery and convenience stores
    • 16,520 SF
    • 0.36 lot acres
    Off-Market
    Property ID
    US09-1446854
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $745,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Primo Water Refill / Big Box & Wholesale Store
    • Grocery Outlet / Grocery & Convenience Store / Food Market

    Property Details for 6421 Ming Ave

    Year built
    1978
    Construction
    WOOD
    Lot size
    0.36 lot acres
    Zone code
    C-1
    Property type
    Grocery and convenience stores
    APN
    355-460-06-00-9
    APU
    35546006009

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 18, 2020 — Sagepointe LLC — Deed · related $5M · Wells Fargo Bk
    Feb 3, 2014 — Sagepointe LLC Sagepointe LLC Quit Claim Deed · related —
    Oct 19, 2001 — Meyer Trust Wescombe Trust Grant Deed · related —
    Dec 8, 1998 — Bryan Trust Sagepointe Partners Quit Claim Deed · related —
    Jul 31, 1979 — — — Grant Deed · related —
    — — Grocery Outlet INC — Deed Of Trust · related $175k · Societe Generale
    — — Sagepointe LLC — Loan Modification · related $5M · Wells Fargo Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $585,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $516,000
      Market price range: $506k - $2.03M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.073
    Latitude
    35.3339
    CBSA code
    12540
    CBSA name
    BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,261
    $470,698
    $760,368
    $1,231,066
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,350,000
      25,078 SF

      4980 Stockdale Hwy

      GROCERY, SUPERMARKET
      4980 Stockdale Hwy, Bakersfield, CA 93309-2638
      View Details
    • Value Estimation
      $590,000
      5,393 SF

      5301 Stockdale Hwy

      GROCERY, SUPERMARKET
      5301 Stockdale Hwy, Bakersfield, CA 93309-2643
      View Details
    • Value Estimation by Request
      2,160 SF

      4647 Wilson Rd

      GROCERY, SUPERMARKET
      4647 Wilson Rd, Bakersfield, CA 93309-5823
      View Details
    • Value Estimation
      $4,060,000
      48,963 SF

      5700 Stockdale Hwy

      GROCERY, SUPERMARKET
      5700 Stockdale Hwy, Bakersfield, CA 93309-2507
      View Details
    • Value Estimation
      $2,790,000
      20,815 SF

      3400 White Ln

      GROCERY, SUPERMARKET
      3400 White Ln, Bakersfield, CA 93309-6821
      View Details
    • Value Estimation
      $4,260,000
      42,671 SF

      7900 White Ln

      GROCERY, SUPERMARKET
      7900 White Ln, Bakersfield, CA 93309-7686
      View Details

    Similar Nearby for Sale

    • $8,000,000
      30,388 SF

      Bakersfield Retail Center - Prime Location

      Vacant 30,388 SF Shopping Center
      5000 Stockdale Hwy, Bakersfield, CA 93309
      View Details
    • $2,450,000
      37,897.00 Acres

      Bakersfield Restaurant - For Sale

      Prime Restaurant Location, High Traffic Area
      5544 California Ave, Bakersfield, CA 93309
      View Details
    • Contact for pricing

      Vacant Land on Stockdale Highway

      Vacant land with high visibility and traffic volume.
      3730 Stockdale Hwy, Bakersfield, CA 93309
      View Details
    • $765,000

      Bakersfield Fourplex Investment Opportunity

      Well-maintained four-unit property with income potential in Southwest Bakersfield.
      7000 N Half Moon Dr, Bakersfield, CA 93309
      View Details
    • Contact for pricing

      Bakersfield Land For Sale

      C-2 zoned land suitable for medical or general office uses.
      4935 Commerce Dr, Bakersfield, CA 93309
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,858 SF

      Retail End Cap Space

      Retail space available for rent.
      7850-8040 White Ln, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on Ming Avenue

      Retail space available for lease in Bakersfield, California.
      3760-3788 Ming Ave, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      4,700 SF

      Retail Space on Ming Avenue

      Retail property available for rent with 4700 square feet.
      3412 Ming Ave, Bakersfield, CA 93309
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      5625 California Ave, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      600 SF

      Retail Space in Bakersfield, CA

      Retail space available for lease in Bakersfield, California.
      3401 Wilson Rd, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Bakersfield

      Retail space available for lease in Bakersfield, California.
      4310 California Ave, Bakersfield, CA 93309
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6421 Ming Ave
    Bakersfield, CA 93309-6704
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6421 Ming Ave, Bakersfield, CA, 93309
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!